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Royal Court, Basil Close, Chesterfield, S41 7SL
24,396 Sq Ft / Offices
Withdrawn - Last updated: 23 February 2021
The subject property comprises part of the Royal Court development, which has a total of 45,000 sq ft of high specification office accommodation, built in 2004/5. Occupiers include Prince Family Law, HM Coroners Court, bvocal Telemarketing, Frontline Sales & Marketing and Propex Concrete Systems.
The impressive four-storey building is of steel frame construction with masonry elevations beneath a pitched tiled roof with aluminium framed double glazed window units. Internally the offices are predominantly open plan with WC facilities to all floors, raised access floors (except Lower Ground Floor), comfort cooling, suspended ceilings incorporating LG7 style lighting and an eight person passenger lift.
Location
Chesterfield is a market town which lies 10 miles to the south of Sheffield and 27 miles north of Derby. The town benefits from excellent road communications with the A61 running north to south and the A617 running east to west though the town linking to M1 Junction 29. Chesterfield has a railway station on the East Midlands mainline between London St Pancras and Sheffield via Derby, with a journey time to London St Pancras of approximately two hours.
Royal Court is centrally located on the site of the former Royal Hospital complex within Chesterfield town centre, on Basil Close and adjacent to the Holywell Cross Car Park.
The location of Royal Court benefits from direct links to the principle road network and Chesterfield’s public transport facilities. The Town Centre and associated amenities including the Train Station are within a five minute walk.Accommodation
Availability
Freehold
| Demise | Sq ft | Sq m |
|---|
| Lower Ground Floor (NIA) | 6,321 | 578.87 |
| Ground Floor (NIA) | 6,272 | 582.66 |
| First Floor (NIA) | 6,005 | 557.92 |
| Second Floor (NIA) | 5,888 | 546.97 |
| Total (NIA) | 24,396 | 2,266.42 |
Terms
We are instructed to seek offers in excess of £XXX (two million five hundred and sixty thousand pounds), subject to contract and exclusive of VAT, for the Freehold interest in the property. A purchase at this level would reflect a net initial yield of 8% after deducting purchaser’s costs of 8.55%.
Specification
Amenities
- Modern Office sale and leaseback opportunity
- Built in 2004, the property comprises a 4-storey office of 2,266.42 sq m (24,396 sq ft)
- Centrally located in Chesterfield town centre benefiting from usual amenities
- Sale and leaseback to AECOM Ltd for 15 years
- £XXX per annum exclusive, subject to 5-yearly upwards only open market rent reviews
- Freehold
- EPC Rating D 83
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